Statement of Cost of Gonds Manufactured and income Statement for a Manufacturing Company The following information is available for Shanika Company for 20Y6: 1. Prepare the 20Y6 statement of cost of goods manufactured. Shanika Company Statement of Cost of Goods Manufactured For the Year Ended December 31, 20 Y 6 \begin{tabular}{|c|c|c|c|c|} \hline 6 & Costs Type & Amount & Amount & Amount \\ \hline Work in 0 & ntory hingary 1,206 & & & 751,930 \\ \hline \end{tabular} Direct materials: Matcrials inventory, lanuary 1,2096= Durchases. Cost of matenals avalable for use. Materials inventorv, December 31, 20V6 costef direct makerals ust in productoon * Direcelaber Factory overhead: Indirect habor - Descecation oxpense factory equipment. Bisat liaht, and pownefoctory * Poperoutaxelactory * Bent expeniefoctory. Subiles:actory Miscetianeoget costsatactory Total factory overhead Total manufacturing costs incurred in 20 ro Previous Next 2. Prepare the 20Y6 income statement. Shanika Company Income Statement For the Year Ended December 31, 20 Y 6 Operating expenses: Administrative expenses Total administrative expenses Selling expenses: Total seiling oxpenses Total Bperating expenses